Filing Flows › 13F managers › Scion Asset Management, LLC
Scion Asset Management, LLC (Michael Burry): 13F portfolio Q3 2025 and what copying it returned
Michael Burry's fund. Scion Asset Management, LLC's 13F for the quarter ended 2025-09-30 (filed Nov 3, 2025): 4 common-share positions, $1.4B reported. Copying each 13F the day after it was filed returned +123.3% from Jun 2, 2022 to Feb 20, 2026, against +68.3% for SPY.
Copying the 13F
Each 13F bought at the close of the first trading day after it was filed and held, drifting, until the next one; value-weighted over the common-share positions with a price (82.4% of the portfolio on average); 15 filings since May 16, 2016. Price returns for the clone and SPY alike (no dividends, no costs). A 13F lists only US long positions at quarter end, reported up to 45 days later.
Largest holdings (2025-09-30)
| Ticker | Company | Weight | Value | Change in the quarter |
|---|---|---|---|---|
| MOH | Molina Healthcare | 1.7% | $23.9M | new |
| LULU | lululemon athletica | 1.3% | $17.8M | +100.0% |
| SLM | SLM | 1.0% | $13.3M | new |
Biggest adds
- MOH new
- SLM new
- LULU +100.0%
Biggest cuts
- EL exit
- BRKR exit
- REGN exit
- MELI exit
- UNH exit
Track record
Of 173 position changes scored in 173 separate decisions, 48.0% were on the right side of SPY over the next three months (Disclosures → Smart money).
Open in Disclosures → every quarter, the clone month by month, the smart-money record
Source: SEC Form 13F-HR, filer CIK 1649339. Not investment advice.